- If you give assets to a special needs child via a will, the assets are now considered property owned by the child.
- The value of the assets may eliminate the opportunity for a child with special needs to obtain assistance from available local, state or federal assistance programs.
A Living Trust or a Testamentary Trust
- If your trust has instructions to manage assets on behalf of a special needs child, these assets are not considered to be owned by the special needs child.
- The value of these assets is not considered when applying for local, state or federal assistance.